Centerpoint Energy Inc Stock Price, News & Analysis

CenterPoint Energy, Inc. (NYSE: CNP) held its 2022 annual shareholder meeting on April 22, where shareholders elected Christopher H. Franklin as a new independent director. Franklin brings extensive experience from his role as CEO at Essential Utilities. The meeting also saw the election of existing directors for one-year terms, the ratification of Deloitte & Touche LLP as auditors, and the adoption of the 2022 Long-Term Incentive Plan. However, shareholders voted against the advisory resolution on executive compensation. This signifies a shift towards aligning company interests with those of shareholders.

CenterPoint Energy, Inc. (NYSE: CNP), based in Houston, TX, will host its First Quarter 2022 Earnings Conference Call on May 3, 2022, at 7:00 a.m. Central time. This energy delivery company services over 7 million customers across several states, including Texas and Indiana, with a strong asset base of approximately $38 billion as of December 31, 2021. CenterPoint has a workforce of around 9,400 employees and has been operational for over 150 years. Details for listening to the conference call can be found on their investor relations website.

Itron has signed a contract with CenterPoint Energy to deploy 3 million Intelis natural gas smart meters. This initiative aims to enhance safety, reliability, and efficiency of CenterPoint's gas distribution system. The Intelis meters feature an automatic shutoff valve for increased safety and provide accurate consumption data to customers. This partnership reflects CenterPoint's commitment to modernizing its infrastructure while also supporting environmental sustainability goals by reducing carbon emissions from utility vehicles.

CenterPoint Energy, Inc. (NYSE: CNP) has completed its exit from midstream interests by selling its Energy Transfer holdings, realizing a 20% premium compared to the ET common unit price at the time of the Enable merger announcement on February 12, 2021. The proceeds will be used to reduce debt. Moody's revised CNP's cash flow to debt ratio downgrade threshold to 13%, reflecting improved business risk. CenterPoint aims for over $40 billion in capital investments and targets 8% non-GAAP EPS growth through 2024, with long-term plans of 6-8% growth through 2030.

CenterPoint Energy, Inc. (NYSE: CNP) has announced its 2022 annual meeting of shareholders, scheduled for April 22, 2022, at 9 a.m. CDT, in Houston, Texas. Shareholders of record as of February 25, 2022, will receive notice and voting rights. CenterPoint Energy serves over 7 million customers across various states, including Texas and Indiana, with approximately $38 billion in assets as of December 31, 2021. The company has a rich history of over 150 years in the energy delivery sector.

CenterPoint Energy reported Q4 2021 earnings of $1.01 per diluted share, with full year earnings at $2.28 per diluted share. Non-GAAP Utility EPS was $0.27 for Q4 and $1.27 for the full year. The company has reaffirmed its non-GAAP EPS guidance for 2022 between $1.36 and $1.38. CenterPoint aims for an 8% non-GAAP EPS growth rate from 2022 to 2024, continuing to the mid-to-high end of a 6-8% range through 2030. The company is making strides to exit its midstream investments, having sold 75% of its Energy Transfer common units.

CenterPoint Energy, Inc. (NYSE: CNP), a major Texas-based energy utility, will hold its Fourth Quarter & Full Year 2021 Earnings Conference Call on February 22, 2022, at 7:00 a.m. Central time. Following the recent Arkansas/Oklahoma transaction, the company now serves nearly 7 million customers across multiple states, including Texas and Indiana, and boasts approximately $37 billion in assets. Established over 150 years ago, CenterPoint maintains a workforce of about 9,000 employees. For further details, investors can access the conference via this link.

CenterPoint Energy (NYSE: CNP) announced the completion of the sale of its natural gas distribution utilities in Arkansas and Oklahoma to Summit Utilities. This transaction involved around 17,000 miles of pipeline, serving over 500,000 customers. The deal received all necessary regulatory approvals and allows CenterPoint to focus on its strategic goals. The company outlined a five-year capital plan exceeding $18 billion and a ten-year plan of over $40 billion, aimed at enhancing safety and reliability, and supporting clean energy investments.

CenterPoint Energy, Inc. (NYSE: CNP) has announced leadership promotions and appointments as part of its succession planning to support long-term growth. Effective January 1, 2022, several key executives will assume new roles, enhancing the company's management capabilities. President and CEO Dave Lesar stated that the company will increase its five-year capital plan to over $18 billion and introduce a $40 billion 10-year capital plan focused on safety, reliability, and clean energy investments. The leadership changes aim to position CenterPoint for strategic growth.